Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Pierce Manufacturing determines that the daily revenue, in dollars, from the sale of x lawn chairs is R(x) = 0.004x+ 0.02x2 + 0.6x. Currently, Pierce

image text in transcribed
Pierce Manufacturing determines that the daily revenue, in dollars, from the sale of x lawn chairs is R(x) = 0.004x+ 0.02x2 + 0.6x. Currently, Pierce sells 70 lawn chairs daily. a) What is the current daily revenue? b) How much would revenue increase if 72 lawn chairs were sold each day? c) What is the marginal revenue when 70 lawn chairs are sold daily? d) Use the answer from part (c) to estimate R(71), R(72), and R(73). . .. . . a) The current revenue is $

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Social And Economic Networks

Authors: Matthew O Jackson

1st Edition

140083399X, 9781400833993

More Books

Students also viewed these Mathematics questions